Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Increases By 1,709.4%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEUGet Free Report) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 37,092 shares, an increase of 1,709.4% from the February 26th total of 2,050 shares. Currently, 6.2% of the company’s stock are short sold. Based on an average daily volume of 46,762 shares, the days-to-cover ratio is presently 0.8 days.

Direxion Daily BA Bull 2X Shares Trading Up 3.1%

Shares of BOEU opened at $30.70 on Thursday. The stock has a 50 day simple moving average of $42.27 and a 200 day simple moving average of $39.27. Direxion Daily BA Bull 2X Shares has a 52-week low of $26.38 and a 52-week high of $52.46.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.162 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE acquired a new position in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEUFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned approximately 8.93% of Direxion Daily BA Bull 2X Shares as of its most recent SEC filing.

About Direxion Daily BA Bull 2X Shares

(Get Free Report)

The Direxion Daily BA Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of The Boeing Company (NYSE: BA). This ETF is designed for short-term tactical trading and aims to provide leveraged exposure to Boeing’s daily stock performance.

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